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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Mike Farrar who wrote (3029)2/15/1998 7:53:00 PM
From: James Unterburger  Respond to of 18691
 
To all, from 1997's IRS Publication 550:
For you "short to 0" types:

Short sale of property that becomes worthless.
Beginning August 6, 1997, if property you sold short becomes
substantially worthless, you must recognize gain as if the short sale
were closed when the property became substantially worthless. See
chapter 4 for more information on short sales.



To: Mike Farrar who wrote (3029)2/16/1998 8:36:00 AM
From: Mr Logic  Read Replies (1) | Respond to of 18691
 
Jeff
I too am short ITWO. Right now I am looking at most vulnerable valuations... a few flat/missed/dull earnings and the corrections will be severe.

>> I am getting sick of stupid people paying these extravagant prices<<

problem is, if people keep paying the prices, the stocks go up anyway...


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